Articles by Joseph Lazzaro

271-300 (out of 1112)

Joseph Lazzaro, U.S. Editor, served as Managing Editor of New York-based financial news web sites, 1999-2004, and as Economics/Markets Editor for AOL’s, 2008-2011.

America Movil Offers $4.2B For KPN Stake

America Movil the telecom group controlled by Mexican tycoon Carlos Slim, has offered to buy a stake worth up to 3.2 billion euros ($4.2 billion) in Netherlands-based KPN NV, seeing it as a base for potential expansion in Europe.

Russia's Putin Orders Investment, Labor Shake-Up

Vladimir Putin ordered Russia's government to boost investment and shake up state-run industries in a flurry of decrees issued after he returned to the presidency on Monday with a call for a new economy.

Icahn Sells LightSquared Debt, Creditors Extend Talks

Billionaire investor Carl Icahn has sold his $250 million debt holdings in Philip Falcone's telecom start-up LightSquared MOSAV.UL, while Falcone continues to negotiate with creditors to avoid a debt default, according to sources familiar with the matter.

US 1Q Productivity Drops, Labor Costs Rise

Nonfarm productivity fell in the first quarter as companies hired more workers to maintain output, but a moderate rise in wages suggested little pressure on company profits and inflation.

GM 1Q Earnings Beat Street On Strong US Demand

General Motors reported a first-quarter profit that surpassed forecasts as it was able to boost vehicle prices, especially in North America, and cut losses in its troubled European operations.

Settlement With HP Isn't Going To Happen: Oracle

An Oracle Corp attorney ruled out a settlement with Hewlett-Packard Co in a bitter lawsuit over the Itanium microprocessor, a day after the judge refused to resolve the case for either side before trial.

Natural Gas Trading Whiz Arnold Shutting Fund

Legendary natural gas trader John Arnold is closing down his flagship Centaurus fund, a source said on Wednesday, as the former Enron wunderkind struggled to maintain outsized returns with prices near 10-year lows and regulations tightening.

Germany's Jobless Rate Creeps Up In April

Germany's jobless rate edged higher last month on a seasonally adjusted basis after touching a post-reunification low in March, data showed on Wednesday, reviving concerns about the resilience of the German economy to the euro zone crisis.

Five Arrested In US Plot To Blow Up Bridge

U.S. authorities arrested five self-described anarchists in the Cleveland area for allegedly plotting to blow up a four-lane highway bridge over a national park, but had no ties to foreign terrorism, the U.S. Justice Department said on Tuesday.

Chesapeake To Replace McClendon As Chairman

Chesapeake Energy Corp will find an independent, non-executive chairman to replace Aubrey McClendon, who will retain his position as chief executive officer, the natural gas producer said on Tuesday.

Murdoch Unfit To Run Company: U.K. Lawmakers

Rupert Murdoch is unfit to run a major international company, British lawmakers said on Tuesday, finding him responsible for a culture of illegal phone hacking that has convulsed his News Corporation media empire.

BP Earnings Fall As Gulf Spill Costs Continue To Weigh

BP Plc (BP.L) reported a bigger-than-expected profit drop on the back of a fall in production prompted by the need to sell oil fields to pay for the Gulf of Mexico disaster, raising concerns about the oil group's turnaround plan.

US Homeownership Rate Drops To 15-Year Low

The share of privately-owned U.S. homes fell to a 15-year low in the first quarter as falling house prices and stringent lending conditions push younger Americans, in particular, into renting.

Shareholder Sues Google To Prevent Stock Split

Google Inc and its board were sued on Monday by a shareholder who wants to block the company's stock split plan because it entrenches the Web search company's co-founders Larry Page and Sergey Brin, according to court documents.

Exxon Mobil Shuts Louisiana Oil Pipeline After Leak

Exxon Mobil Corp has shut the 160,000 barrel-per-day (bpd) North Line crude oil pipeline in Louisiana after a leak spilled 1,900 barrels of crude oil in a rural area over the weekend, affecting a conduit that supplies the nation's third-largest refinery.

Spain Falls Back Into Recession As Austerity Bites

Spain's economy tipped back into recession in the first quarter and economists said spending cuts aimed at meeting strict EU deficit limits together with troubles in the banking sector would delay any return to growth until late this year or beyond.

How To Prevent Another US Bank Bailout

Regarding its banking system, the United States has now experienced its third generation of heads the banks win, tails the taxpayer and the public loses.? Is there a better way? Is it possible to create a bank that serves the people of the United States?

5 Reasons Obama Could Lose The 2012 Election

If the U.S. presidential election was held today, President Barack Obama could easily lose. Fortunately for Obama -- and, by extension, for the Democratic Party -- the election is not today: it's 7 months from now.

Saudis Recall Cairo Ambassador In Blow To Egypt Ties

Saudi Arabia said on Saturday it had recalled its ambassador in Cairo for security reasons after protests in Egypt against the kingdom's arrest of an Egyptian lawyer, marking a diplomatic rupture between the long-time allies.